Legg Mason (Legg Mason) Days Payable : 0.00 (As of Jun. 2020)

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What is Legg Mason Days Payable?

Legg Mason's average Accounts Payable for the three months ended in Jun. 2020 was $0 Mil. Legg Mason's Cost of Goods Sold for the three months ended in Jun. 2020 was $445 Mil. Hence, Legg Mason's Days Payable for the three months ended in Jun. 2020 was 0.00.

The historical rank and industry rank for Legg Mason's Days Payable or its related term are showing as below:

LM's Days Payable is not ranked ^*
in the Asset Management industry.
Industry Median: 70.5
* Ranked among companies with meaningful Days Payable only.

Legg Mason's Days Payable stayed the same from Jun. 2019 (0.00) to Jun. 2020 (0.00). stayed the same

Legg Mason Days Payable Historical Data

The historical data trend for Legg Mason's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Legg Mason Days Payable Chart

Legg Mason Annual Data

Trend

Mar11

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Mar20

Days Payable

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Legg Mason Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Days Payable	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Legg Mason's Days Payable

For the Asset Management subindustry, Legg Mason's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Legg Mason's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Legg Mason's Days Payable distribution charts can be found below:

* The bar in red indicates where Legg Mason's Days Payable falls into.

Legg Mason Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Legg Mason's Days Payable for the fiscal year that ended in Mar. 2020 is calculated as

	Days Payable (A: Mar. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2019 )	+	Accounts Payable (A: Mar. 2020 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2020 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	1850.115	*	365
=	0					/	1850.115	*	365
=	0.00

Legg Mason's Days Payable for the quarter that ended in Jun. 2020 is calculated as:

	Days Payable (Q: Jun. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2020 )	+	Accounts Payable (Q: Jun. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2020 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	444.557	*	365 / 4
=	0					/	444.557	*	365 / 4
=	0.00

Legg Mason Days Payable Related Terms

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Legg Mason (Legg Mason) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Legg Mason Inc (NYSE:LM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 International Drive, Baltimore, MD, USA, 21202-1099

Website

https://www.leggmason.com

Legg Mason provides investment management services for institutional and individual investors. The firm had $783.4 billion in managed assets at the end of June, spread among its equity (25% of total AUM), fixed-income (57%), alternatives (9%), and money market (9%) investment platforms. Legg Mason uses a multiaffiliate business model, with its single- largest affiliate, Western Asset Management, accounting for more than 60% of managed assets. Other major affiliates include ClearBridge Investments (more than 15% of AUM), Brandywine (less than 10%), and Clarion Partners (less than 10%). The remaining affiliates--Martin Currie, Royce & Associates, EnTrustPermal, QS Investors, and RARE Infrastructure--each account for 2% or less of Legg Mason's managed assets.